Examlex
Perform the following operations on the given matrices:
Inter Vivos Trust
A trust created by the grantor, settlor, and effective during the grantor’s lifetime – that is, a trust not established by a will.
Grantor
An individual or entity that creates a trust, transferring ownership of assets to the trust.
Beneficiary
A person or entity entitled to receive benefits or assets under a legal instrument, such as a will, trust, or insurance policy.
Trust
A fiduciary relationship in which one party, known as a trustee, holds the right to manage property or assets for the benefit of another party, the beneficiary.
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